Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, practitioners, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered. Hosts: Siri Bulusu and Amanda Iacone.
Stakes High as Global Digital Tax Talks Go Into 2021
The 137 countries trying to forge a global approach to taxing multinational companies are behind schedule, hobbled by the pandemic and by disagreements about dozens of issues large and small. And the U.S., home of many corporate giants, has objections.On this episode of our weekly podcast, Talking Tax, host Amanda Iacone talks with Bloomberg Tax reporter Isabel Gottlieb about why these international negotiations are flailing and what could happens as a result if they collapse altogether.
International Audit Chief Says New Rules a 'Major Step'
New rules for corporate auditors are on their way, but many of these auditing firms are worried that international standards for how firms assess their risk will diverge from those in the U.S., leaving them to cope with a patchwork quilt of do's and don'ts.
On this episode of Talking Tax, host Amanda Iacone talks with Tom Seidenstein, chair of the International Auditing and Assurance Standards Board. Tom explains how the IAASB developed its new auditing standards and how it tried to harmonize them as much as possible with its U.S. counterpart.
SCOTUS to Weigh in On Treasury Authority in Fall Term
The Supreme Court is back in session, and is set to consider a tax case that could lead to more scrutiny of Treasury actions.
CIC Services, LLC v. IRS is scheduled for arguments Dec. 1. The justices will consider whether a Civil War-era law prohibits courts from ruling on a reporting requirement at issue, before the plaintiff has actually been penalized.
Kristin Hickman, a law professor at the University of Minnesota who specializes in tax and administrative law, says this case, along with a similar one on the court’s docket for this fall, could give the judicial branch a much more prominent role in taxation than it has ever had. (Hickman has written amicus briefs in support of CIC Services.)
She speaks with host Jeff Leon for the latest episode of Talking Tax, our weekly tax podcast.
Trump's Tax Deductions Show His Business Is Personal
One of the main takeaways from The New York Times' bombshell report unveiling the President's tax returns is that the line between his business and personal filings is nearly nonexistent.
However, Bloomberg News' Laura Davison says that's pretty common for people like Donald Trump who are in the real estate and development business and own their own closely held family business.
On today's episode of Talking Tax, Laura speaks with host Amanda Iacone about Trump's taxes and about how professionals in the tax field are reacting to the newest revelation.
IRS Ethics Rules for Tax Pros Ripe for Cleanup
It seems no one is really happy with the IRS' rules governing the professional conduct of tax professionals: not the courts, not tax professionals, and not even the IRS itself.
On today's episode of Talking Tax, host Jeff Leon speaks with two people who have special insight into the agency's efforts to rewrite its ethics rules: a tax practitioner who has been following this issue for years, and a tax advisory who fought back against an IRS ethics charge—and won.
The Stimulus Questions That Keep Tax Pros Up at Night
On this episode of Talking Tax, we highlight a new project that examines the anxieties and uncertainties of tax professionals around the billions of dollars in coronavirus relief funding that Congress has allocated.
Host Jeff Leon speaks with Bloomberg Industry Group deputy team leaders Colleen Murphy and Jay-Anne Casuga about the questions they received from subscribers and about what trends they were able to glean from these queries.
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